"PESB recommended the following name for the post of Chairman, Steel Authority Of India Ltd (SAIL) -- P K Singh," it said in a notification.
Singh took over as the Chief Executive Officer (CEO) of Durgapur Steel Plant in 2012. Earlier in July, he was given the additional charge of CEO of IISCO Steel Plant, Burnpur (West Bengal).
An alumnus of IIT-Roorkee, he started his career in SAIL at its Bokaro Steel Plant in 1980. Singh also worked in IISCO Steel Plant, Durgapur Steel Plant and Bokaro Steel Plant.
Verma was appointed CMD of the public sector undertaking (PSU) for a five-year term in June 2010 by previous UPA government and was eligible for an extension till he attained the superannuation age of 60 years in September 2019.